05:22 Oct 11, 2010 |
French to English translations [PRO] Bus/Financial - Investment / Securities / investment glossary of terms | |||||||
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| Selected response from: joehlindsay Local time: 19:18 | ||||||
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Summary of answers provided | ||||
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4 | subfunds denominated [in units of account] |
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3 | underlying securities expressed in units of account, |
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1 | expressed in units of account |
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expressed in units of account Explanation: expressed in such units of account as are available... iate.europa.eu/iatediff/SearchByQuery.do?method=search&query=unités de compte&sourceLanguage=fr&&targetLanguages=en&domain=0&matching=&type |
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underlying securities expressed in units of account, Explanation: I think I previously submitted 'underlying asset' for 'support' in this translation and this would seem to support that. The assets invested are represented by 'units' instead of shares, and the various types of investments - stocks, diversified funds, etc. This seems to be a 'unit investment trust', similar to a SICAV in France. The terminology is different in Canada. SICAVs in France have 'parts' rather than 'unités' which seems to be specific to Canada. You also might say 'units of account representing the types of investment available'. It might be really helpful to know exactly what kind of investment instrument this is. Is it a 'unit investment trust', or maybe some kind of exotic instrument offering different asset classes periodically reallocated by formula? Definition of Unit Investment Trust from Investopedia.com: "What Does Unit Investment Trust - UIT Mean? An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable "units" to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment trusts are one of three types of investment companies; the other two are mutual funds and closed-end funds Investopedia explains Unit Investment Trust - UIT Each unit typically costs $1,000 and is sold to investors by brokers. UITs can be resold in the secondary market. A UIT may be either a regulated investment corporation (RIC) or a grantor trust. The former is a corporation in which the investors are joint owners; the latter grants investors proportional ownership in the UIT's underlying securities." -------------------------------------------------- Note added at 21 hrs (2010-10-12 02:55:24 GMT) -------------------------------------------------- This might also be an ETF(?) |
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subfunds denominated [in units of account] Explanation: multisupports = with multiple subfunds. What you have is a contrat/plan d'épargne/etc. multisupports. |
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